Telegraph
" .....Obama's high-minded appeals for national unity are no more. His electoral strategy is one of desperate damage limitation. Most pollsters expect Democrats to lose more than 50 seats and control of the House of Representatives.
They will probably keep control of the Senate but at least six seats look lost. Obama's response has been to "slice and dice" the electorate in the way he condemned. He endured the indignity of being called "dude" on Jon Stewart's Comedy Central show as the price for enticing young voters. "
Sunday, 31 October 2010
Barack loses his cool: Angry Obama yells BACK at hecklers... as new poll shows his own party isn't sure he should be President in 2012
Daily Mail
"But the unexpected loss of control was in stark contrast to the power he held over similar audiences during his 2008 presidential campaign. With the November 2 mid-term elections just days away, Mr Obama's Democratic party is facing heavy losses.The President himself is dealing with a devastating loss in popularity.Democratic voters are closely divided over whether he should be challenged within the party for a second term in 2012, an Associated Press-Knowledge Networks Poll finds.That glum assessment carries over into the nation at large, which is similarly divided over whether Mr Obama should be a one-term president."
"But the unexpected loss of control was in stark contrast to the power he held over similar audiences during his 2008 presidential campaign. With the November 2 mid-term elections just days away, Mr Obama's Democratic party is facing heavy losses.The President himself is dealing with a devastating loss in popularity.Democratic voters are closely divided over whether he should be challenged within the party for a second term in 2012, an Associated Press-Knowledge Networks Poll finds.That glum assessment carries over into the nation at large, which is similarly divided over whether Mr Obama should be a one-term president."
Saturday, 30 October 2010
Migrants took 9 out of 10 jobs created under Labour
Daily Mail
"The data showed there were just over 26million people aged 16-64 in employment between April and June 1997. Of those 1,946,000 were foreign born, leaving 24,058,000 born in the UK. By the same period this year, the total in jobs was up more than two million, to 28,107,000. Of those, 3,787,000 were born abroad, and 24,314,000 born in the UK. It means 88 per cent of the rise in employment was accounted for by workers born abroad, and just 12 per cent by those born in the UK.
"The data showed there were just over 26million people aged 16-64 in employment between April and June 1997. Of those 1,946,000 were foreign born, leaving 24,058,000 born in the UK. By the same period this year, the total in jobs was up more than two million, to 28,107,000. Of those, 3,787,000 were born abroad, and 24,314,000 born in the UK. It means 88 per cent of the rise in employment was accounted for by workers born abroad, and just 12 per cent by those born in the UK.
Ignore leftist hysteria - at last Britain's woken up to the grotesque irony that so many on welfare are better off than hard working families...
Daily Mail
"Even by understated official statistics, more than a third of today’s Londoners were born in another country, so Britain’s capital has become an international city or a foreign one, according to your point of view."
"Even by understated official statistics, more than a third of today’s Londoners were born in another country, so Britain’s capital has become an international city or a foreign one, according to your point of view."
Friday, 29 October 2010
US recovery quickens but more QE expected
Telegraph
"The recovery has so far done little to dent an unemployment rate that's remained close to 10pc and will contribute to the heavy losses Democrats are expected to suffer in next Tuesday's elections. The following day, the Federal Reserve is forecast to unleash more quantitative easing in an effort to stimulate more spending and drive down long-term interest rates."
"The recovery has so far done little to dent an unemployment rate that's remained close to 10pc and will contribute to the heavy losses Democrats are expected to suffer in next Tuesday's elections. The following day, the Federal Reserve is forecast to unleash more quantitative easing in an effort to stimulate more spending and drive down long-term interest rates."
Halliburton used flawed cement on BP well
Reuters
"Halliburton Co. used flawed cement in BP Plc's doomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said on Thursday."
"Halliburton Co. used flawed cement in BP Plc's doomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said on Thursday."
Thursday, 28 October 2010
Mervyn King must turn off the printing press
Telegraph
"..If all that new money actually were to reach the parts of the economy that needed it, I might have some sympathy. But QE has failed either to expand bank credit to small- and medium-sized enterprises or to lower its cost to them. It has, however, provided spectacular money-making opportunities for the City and inflated new bubbles in bond, commodities and emerging markets.
Goodness knows how central banks will unwind the vast positions they already hold in the debt markets, but the fear that they’ll end up taking the easy option and monetising what the Government owes – permanently adding it to the money supply, as happened in the 1970s – will only add to concerns about inflation.
There are plenty of ways to help the recovery, from raising infrastructure spending (which is perfectly compatible with deficit reduction) to boosting business confidence by enhancing the environment for investment and job creation. But please, no more QE. "
"..If all that new money actually were to reach the parts of the economy that needed it, I might have some sympathy. But QE has failed either to expand bank credit to small- and medium-sized enterprises or to lower its cost to them. It has, however, provided spectacular money-making opportunities for the City and inflated new bubbles in bond, commodities and emerging markets.
Goodness knows how central banks will unwind the vast positions they already hold in the debt markets, but the fear that they’ll end up taking the easy option and monetising what the Government owes – permanently adding it to the money supply, as happened in the 1970s – will only add to concerns about inflation.
There are plenty of ways to help the recovery, from raising infrastructure spending (which is perfectly compatible with deficit reduction) to boosting business confidence by enhancing the environment for investment and job creation. But please, no more QE. "
Wednesday, 27 October 2010
Greece reignites Europe debt woes
Telegraph
"Europe's debt woes have returned to the fore after Greek premier George Papandreou threw open the door to fresh elections and vowed to liberate the nation from "slavery and surveillance".
"Europe's debt woes have returned to the fore after Greek premier George Papandreou threw open the door to fresh elections and vowed to liberate the nation from "slavery and surveillance".
Stop printing money! Raise interest rates!
Telegraph
"What was our lowest moment during the financial crisis? I’d say it was being pitied by Zimbabweans because Gordon Brown’s economic mismanagement would lead to hyperinflation.
The cheap money crowd have now been confounded by events: the new GDP figures make a nonsense of the idea that we need further quantitative easing, as the excellent Allister Heath explains. This is not to say that we are already in the broad, sunlit uplands, far from it: there is almost certain to be a slowdown next year. But keeping the pound did the tick. Our exchange rate acted as a shock absorber, allowing us to suffer a the depreciation in our currency instead of in output and jobs. The case for a stiff rise in interest rates, already strong, has now become unarguable."
"What was our lowest moment during the financial crisis? I’d say it was being pitied by Zimbabweans because Gordon Brown’s economic mismanagement would lead to hyperinflation.
The cheap money crowd have now been confounded by events: the new GDP figures make a nonsense of the idea that we need further quantitative easing, as the excellent Allister Heath explains. This is not to say that we are already in the broad, sunlit uplands, far from it: there is almost certain to be a slowdown next year. But keeping the pound did the tick. Our exchange rate acted as a shock absorber, allowing us to suffer a the depreciation in our currency instead of in output and jobs. The case for a stiff rise in interest rates, already strong, has now become unarguable."
Tuesday, 26 October 2010
George's Osborne's economic recovery plan for Britain gets double boost
Telegraph
"The UK grew by 0.8pc in the three months to September, according to the first estimate from the Office for National Statistics (ONS), double the rate at which economists were expecting. In another dose of good news, Standard & Poor’s reaffirmed the UK’s AAA credit rating and raised its outlook from "negative" to “stable”.
S&P, which now joins Fitch and Moody’s in placing the UK on its safest rating possible, credited the spending review for the decision, saying: “The decisions reached by the UK Coalition ... reduce risks to the Government’s implementation of its June 2010 fiscal consolidation programme,” S&P said. "
"The UK grew by 0.8pc in the three months to September, according to the first estimate from the Office for National Statistics (ONS), double the rate at which economists were expecting. In another dose of good news, Standard & Poor’s reaffirmed the UK’s AAA credit rating and raised its outlook from "negative" to “stable”.
S&P, which now joins Fitch and Moody’s in placing the UK on its safest rating possible, credited the spending review for the decision, saying: “The decisions reached by the UK Coalition ... reduce risks to the Government’s implementation of its June 2010 fiscal consolidation programme,” S&P said. "
Monday, 25 October 2010
Barack Obama echoes anti-Americanism of Europe in calling voters stupid
Telegraph
"President Obama and his fellow Democrats are mocking Republicans and the Tea Party as stupid. But they could be the ones who look foolish on election day. "
"President Obama and his fellow Democrats are mocking Republicans and the Tea Party as stupid. But they could be the ones who look foolish on election day. "
Sunday, 24 October 2010
Cost of EU agencies triples to more than £2 billion
Telegraph
"The cost of funding European Union committees and agencies has more than tripled since 2005 and is on course to reach more than £2 billion next year, new research shows. "
"The cost of funding European Union committees and agencies has more than tripled since 2005 and is on course to reach more than £2 billion next year, new research shows. "
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